First New Mexico Bank, Las Cruces in New Mexico vs the state
37.9%Denial rate+19.33 pts vs state
47.1%Decision denial rate+22.48 pts vs state
40.2%Origination rate-13.11 pts vs state
—Median rate
—Rate spread (pts)
$92kMedian applicant income
35Loans originated
33Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 124 | 58 | 30.7% | — | #90 |
| 2024 | 87 | 40 | 41.4% | — | #103 |
| 2025 | 87 | 35 | 37.9% | — | #108 |
What First New Mexico Bank, Las Cruces lends in New Mexico
By loan purpose
By loan type
Where in New Mexico
Counties with the most First New Mexico Bank, Las Cruces applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Doña Ana County | 80 | 33 | 29 | 36.3% |
| Otero County | 3 | 1 | 1 | 33.3% |
| Luna County | 2 | 0 | 2 | 100.0% |
| Valencia County | 1 | 0 | 1 | 100.0% |
| Grant County | 1 | 1 | 0 | 0.0% |
Other large lenders in New Mexico
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 4,440 | 20.5% | 6.75% |
| 21st Mortgage | F | 3,992 | 45.5% | 9.60% |
| United Shore Financial Services | B | 3,251 | 12.8% | 6.13% |
| Guild Mortgage | A | 3,186 | 4.3% | 6.63% |
| Nusenda | D | 2,962 | 13.7% | 8.00% |
| Waterstone Mortgage | C | 2,740 | 3.2% | 6.88% |
| Vanderbilt Mortgage and Finance | F | 2,085 | 46.4% | 9.99% |
| Sunward Federal Credit Union | B | 1,765 | 9.1% | 6.50% |
| Mortgage Research Center | C | 1,683 | 15.9% | 6.25% |
| Primary Residential Mortgage | C | 1,497 | 4.9% | 6.63% |
Frequently asked questions
New Mexico: 87 applications in 2025, of which 35 were originated and 33 denied.
37.9% of all applications, or 47.1% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are First New Mexico Bank, Las Cruces's own HMDA filing for properties located in New Mexico, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology